On December 17, 2014, the Mexican Federal Institute of Access to Public Information and Data Protection ("IFAI") issued guidelines (source document in Spanish) to financial institutions on the processing of personal data when carrying out extrajudicial debt collection activities. According to the IFAI, nearly 200,000 formal complaints regarding improper collection practices prompted the issuance of these guidelines.

The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.